Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Popdex against Derive+0.084%45s7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.084%, 7d avg +0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.047% dearer against Derive than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.154 | 0.0100 | pay 0.0013% / 1h | 30m 28s | $16.1M | $7.4M | 10x |
| Short | Popdex HYPEUSDT | 93.232 | 0.0096 | get 0.0012% / 1h | 30m 28s | $75K | $1.2M | 50x |
Derive HYPE-PERP
Popdex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.084% → +0.036%
- $4.74
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$8.5
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Popdex: live order book, 4 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Derive no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 4 min ago | 0.11 bp | 3.4 bp −$3 | 4.8 bp −$48 | 51.4 bp −$5,135 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1568% | 1h | 93.135 | −0.020% | $196K | $234K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0361% | 1h | 93.251 | +0.104% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.195 | +0.044% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0059% | 1h | 93.242 | +0.094% | $110K | $578K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0023% | 4h | 93.157 | +0.003% | $146K | $662K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.261 | +0.115% | $87K | $366K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.219 | +0.070% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.204 | +0.053% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.258 | +0.111% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.184 | +0.032% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0016% | 4h | 93.223 | +0.074% | $225.2M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.230 | +0.082% | $316.7M | $282.9M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0026% | 1h | 93.170 | +0.017% | $702K | $1.2M | 10x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.263 | +0.117% | $207K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 93.201 | +0.050% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0088% | 4h | 93.175 | +0.023% | $5.0M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.231 | +0.083% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.217 | +0.068% | $16.1M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.209 | +0.059% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDTshort | +0.0096% | 1h | 93.232 | +0.084% | $75K | $1.2M | 50x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.170 | +0.017% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.228 | +0.079% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.274 | +0.129% | $2.03B | $669.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.245 | +0.098% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.231 | +0.083% | $10.0M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.239 | +0.091% | $373.6M | $912.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.231 | +0.083% | $114.3M | $309.4M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | +0.081% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.228 | +0.079% | $46.7M | $54.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.240 | +0.092% | $91.0M | $81.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.208 | +0.058% | $46.1M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.237 | +0.089% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.225 | +0.076% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.131 | −0.025% | $28.5M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.218 | +0.069% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.165 | +0.012% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.217 | +0.068% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.286 | +0.141% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.252 | +0.105% | $483K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.169 | +0.016% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 93.154 | long leg | $16.1M | $7.4M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.210 | +0.060% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.162 | +0.009% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.329 | +0.188% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.149 | −0.005% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.178 | +0.026% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.259 | +0.113% | $1.8M | $5.7M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.120 | −0.037% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.230 | +0.082% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.231 | +0.082% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.258 | +0.112% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.160 | +0.006% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0342% | 1h | 93.225 | +0.076% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0426% | 1h | 93.257 | +0.111% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.276 | +0.131% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Ondo Perps HYPE-USD.P
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC